If my analysis is correct, BTC is forming a potential ABCD pattern retracing to the 618 FIB levels on the Daily chart. I will look to buy around these levels :)
MACD and RSI also favoring the downward move. . . . .
This is NOT trading advise, please trade at your own risk after completing your own analysis of the respected pair.
@deanferradaz, Hello Dean. I believe the above fundamental event should have little impact on charts. Bitcoin should possibly print below 10000 before finding direction on the higher side.
Thank you
deanferradaz
⋅
@harshjapee, I agree with your comment regarding the fundamental event, and i certainly am interested to see what low BTC prints.
Thank you brother for your brilliant mentorship and guidance shared daily. The content on your live streams and telegram channel has really benefited my trading!
harshjapee
⋅
@deanferradaz, Thank you Brother and Wish You The Best Always. BTC expected to print lows upto 5500-6000 in accordance to what you highlighted.
deanferradaz
⋅
@harshjapee, My pleasure brother! Thanks, I actually didn't see that, 6000 is certainly on the cards!
Are we likely to just bounce around 13-16K before breaking higher?